Charles Schwab Investment Management Inc. Raises Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Charles Schwab Investment Management Inc. raised its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,568,835 shares of the company’s stock after buying an additional 35,665 shares during the period. Charles Schwab Investment Management Inc. owned about 0.85% of WillScot Mobile Mini worth $52,478,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Marathon Asset Management Ltd purchased a new position in shares of WillScot Mobile Mini during the fourth quarter worth $13,058,000. Jones Financial Companies Lllp raised its stake in shares of WillScot Mobile Mini by 93.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock valued at $77,000 after acquiring an additional 1,113 shares in the last quarter. Levin Capital Strategies L.P. raised its stake in shares of WillScot Mobile Mini by 17.0% in the fourth quarter. Levin Capital Strategies L.P. now owns 8,770 shares of the company’s stock valued at $293,000 after acquiring an additional 1,272 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of WillScot Mobile Mini by 21.0% in the fourth quarter. Fisher Asset Management LLC now owns 1,262,166 shares of the company’s stock valued at $42,219,000 after acquiring an additional 219,111 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at $432,000. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

WillScot Mobile Mini Price Performance

Shares of WSC opened at $28.60 on Friday. WillScot Mobile Mini Holdings Corp. has a twelve month low of $27.58 and a twelve month high of $47.18. The stock’s 50 day moving average is $35.18 and its two-hundred day moving average is $36.48. The firm has a market capitalization of $5.25 billion, a PE ratio of 190.68, a P/E/G ratio of 2.18 and a beta of 1.45. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $602.52 million for the quarter, compared to analyst estimates of $606.55 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. Research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Announces Dividend

The company also recently declared a — dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio (DPR) is 186.67%.

Insider Transactions at WillScot Mobile Mini

In other news, COO Timothy D. Boswell purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $29.14 per share, with a total value of $145,700.00. Following the purchase, the chief operating officer now directly owns 34,156 shares of the company’s stock, valued at $995,305.84. The trade was a 17.15 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

WSC has been the topic of several analyst reports. Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Oppenheimer reduced their price objective on WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Robert W. Baird reduced their price objective on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $42.67.

WillScot Mobile Mini Company Profile

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.